Osaka Steel (5449) · InitiativeReview of provision related to the suspension
Suspension of Operations at an Electric Arc Furnace Dust Recycling Facility
First written in FY2016. . Latest entry: FY2019.
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- FY2019Review of provision related to the suspensionAnnual report
「Reversal of provision for business structure improvement ¥211 million」
Following a review of the estimated loss associated with suspending the electric arc furnace dust recycling facilities, the Company recorded a ¥211 million reversal of the provision for business structure improvement. The completion of the suspension itself was not explicitly stated. - FY2016First statedAnnual report
「The Board of Directors resolved to suspend the electric arc furnace dust recycling facilities operating at our West Japan Kumamoto Plant by the end of September 2016.」
The Company resolved to suspend the facilities by the end of September 2016 and recorded an impairment loss and dismantling and removal costs.